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6 Oct 2014

iPolitics (Canada)

A trend to watch: John Ruggie on a binding treaty on business and human rights

Among the standards that have been the most influential on the international scene, few compare to the work of John Ruggie and his Guiding Principles on Business and Human Rights...But now a push is afoot to take the principles a step further. Ecuador, along with several other countries, wants to begin negotiations toward a treaty that would govern multinationals and their human rights obligations..."And the countries where multinationals are domiciled have said...'we will boycott this, we will not participate.’...The reality of a treaty, if it ever were to take off, is still far off. Ecuador itself said in discussions that it didn't foresee a negotiation period shorter than a decade, Ruggie noted...[Refers to HudBay Minerals]